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http://www.mynewsdesk.com/assets/graphics/logos/logo-small.png12823sv15UPDATE: France - Motor Contribution to be Abolished from 1st Jan 2016Wed, 18 Feb 2015 21:46:14 +0000Contrary to their initial proposal the French Authorities have now confirmed that the 15% Motor Contribution will be abolished as of the 1st January 2016, rather than the initially published date of 1st January 2015.http://www.mynewsdesk.com/uk/impendulo/blog_posts/update-france-motor-contribution-to-be-abolished-from-1st-jan-2016-33417?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/update-france-motor-contribution-to-be-abolished-from-1st-jan-2016-33417?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedTax Alert - Italy - Declaration ChangeFri, 16 Jan 2015 18:35:59 +0000Through our Contacts in Italy we can confirm that the declaration of returns will change from a monthly to an annual basis. This will be due by 31st May of the following year. All other aspects will remain the same, including monthly payments and the prepayment.http://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-alert-italy-declaration-change-32528?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-alert-italy-declaration-change-32528?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedTax Alert - France - Motor Contribution to be Abolished from 1st Jan 2015Wed, 14 Jan 2015 18:13:59 +0000In the Law 2014-1554 published on 22nd December 2014 the French Authorities confirmed that the Motor Contribution, currently taxable at 15%, will be abolished from 1st January 2015. It will be replaced by an IPT Rate dependent on vehicle weight:
15% IPT on compulsory motor insurance for land vehicles with a weight over 3.5t
33% IPT on compulsory motor insurance covering all other land vehicleshttp://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-alert-france-motor-contribution-to-be-abolished-from-1st-jan-2015-32472?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-alert-france-motor-contribution-to-be-abolished-from-1st-jan-2015-32472?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedTax Alert - Belgium - Change to the Tax Authority Governing the Taxation of Insurance PremiumsWed, 14 Jan 2015 17:33:20 +0000From 2015 onwards the declaration and payment of various taxes in Belgium will be governed by a centralised authority, Federal Public Service – General Administration of Tax Collection and Recovery.
This will allow insurance organisations and their representatives to pay their taxes to a single authority across the various rates, as opposed to the numerous authorities we currently work with.http://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-alert-belgium-change-to-the-tax-authority-governing-the-taxation-of-insurance-premiums-32471?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-alert-belgium-change-to-the-tax-authority-governing-the-taxation-of-insurance-premiums-32471?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedTax Alert - Portugal - Proposed Increase in INEM Tax RateWed, 14 Jan 2015 17:28:21 +0000The 2015 Portugal Budget Review includes a proposal to increase the INEM rate from 2.0% to 2.5%. This is yet to be confirmed and we will keep all clients up to date.http://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-alert-portugal-proposed-increase-in-inem-tax-rate-32470?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-alert-portugal-proposed-increase-in-inem-tax-rate-32470?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedTax Alert - Slovenia - Increase in Insurance Premium Tax RateWed, 14 Jan 2015 13:24:46 +0000The Slovenian Authorities have increased the rate of IPT from 6.50% to 8.50% as of the 1st January 2015. It is to be applied on a ‘cash received’ basis.http://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-alert-slovenia-increase-in-insurance-premium-tax-rate-32449?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-alert-slovenia-increase-in-insurance-premium-tax-rate-32449?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedTax Alert - Spain - ECJ Judgment Removes Fiscal Rep Requirement for FOS InsurersTue, 16 Dec 2014 21:34:00 +0000​The European Court of Justice (ECJ) has released its Judgment of case C-678/11, European Commission vs Kingdom of Spain. The case was regarding Spain's requirement for Insurance Companies acting on a FOS basis to appoint a local Tax Fiscal Representative. The ECJ has concluded that such requirements restrict an Insurer's freedom to provide services.http://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-alert-spain-ecj-judgment-removes-fiscal-rep-requirement-for-fos-insurers-32041?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-alert-spain-ecj-judgment-removes-fiscal-rep-requirement-for-fos-insurers-32041?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedTax Rate Alert - Denmark - Increase in Flood LevyWed, 10 Dec 2014 13:56:32 +0000The Danish Authorities have notified us that the Flood Levy has increased from DKK 30 to DKK 60. DKK 10 of this is a permanent increase whilst the other DKK 20 is temporary.
The temporary increase is due to the particularly heavy Storm in December 2013.http://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-alert-denmark-increase-in-flood-levy-31854?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-alert-denmark-increase-in-flood-levy-31854?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedTax Rate Alert - France - Increase of IPT on Legal ExpensesWed, 10 Dec 2014 13:46:36 +0000After consultation with the French Ministry of Finance we can confirm that they are proposing to increase the Insurance Premium Tax rate on policies covering legal expenses from 9% to 11.6% as of 1st January 2015.http://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-alert-france-increase-of-ipt-on-legal-expenses-31853?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-alert-france-increase-of-ipt-on-legal-expenses-31853?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedTax Rate UPDATE - Malta - Stamp Duty IncreaseWed, 10 Dec 2014 13:28:50 +0000The Maltese authorities have contacted us regarding the increase in Stamp Duty from 10% - 11%. They have changed the inception date of this raise from 1st January 2015 to 1st February 2015. It is applicable on policies with 'date of inception' from 1st February onward, not on policies paid from this date.http://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-update-malta-stamp-duty-increase-31851?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-update-malta-stamp-duty-increase-31851?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedTax Rate Alert - UK - Spacecraft Policies Made ExemptMon, 01 Dec 2014 18:09:59 +0000Through correspondence with the UK Authorities we can now confirm that Spaceship policies booked after 01/12/2014 are now exempt from IPT. Pre-launch risks are not covered by this exemption.http://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-alert-uk-spacecraft-policies-made-exempt-31586?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-alert-uk-spacecraft-policies-made-exempt-31586?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedTax Rate Alert - Malta - Stamp Duty Increase from 1st January 2015Mon, 01 Dec 2014 15:10:12 +0000After consultation with the Maltese authorities we can confirm that the current 10% rate of Stamp Duty will increase to 11% as of 1st January 2015.http://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-alert-malta-stamp-duty-increase-from-1st-january-2015-31583?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-alert-malta-stamp-duty-increase-from-1st-january-2015-31583?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedTax Rate Alert - Greek Pension Fund (TEAAPAE) Abolished from 1st Jan 2015Thu, 29 May 2014 13:33:59 +0100It's now official - TEAAPAE will be abolished as of the 1st of January 2015. The proposed legislation has now been passed by the Greek government as expected. This means that any premiums invoiced from this date will not bear any charges relating to the TEAAPAE fund, however, any invoices issued up to and including the 31st of December 2014 will still be required to show the levy.http://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-alert-greek-pension-fund-teaapae-abolished-from-1st-jan-2015-26198?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-alert-greek-pension-fund-teaapae-abolished-from-1st-jan-2015-26198?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedSan Marino Tax Authorities To Enforce Late Payment Penalties? Valentina Says 'Maybe'Wed, 30 Apr 2014 21:57:00 +0100IPT payments for authorised foreign insurers in San Marino are now due as 30 April marked the first quarter deadline within the country's new IPT regime.
It has been reported that those insurance companies who have missed the deadline will be subject to severe penalty fines imposed by San Marino tax authorities as well as a 4% daily interest charge applied to overdue payments.http://www.mynewsdesk.com/uk/impendulo/blog_posts/san-marino-tax-authorities-to-enforce-late-payment-penalties-valentina-says-maybe-25588?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/san-marino-tax-authorities-to-enforce-late-payment-penalties-valentina-says-maybe-25588?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedTax Rate Alert - Greek Tax Authorities Abolish Tax on Pension Fund (TEAAPAE)Thu, 03 Apr 2014 02:00:00 +0100According to a Law that passed through the Greek Parliament on Sunday 30th March, which aims to abolish indirect taxes & levies, it is our understanding that the TEAAPAE levy in all classes of insurance policies will be abolished.http://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-alert-greek-tax-authorities-abolish-tax-on-pension-fund-teaapae-24984?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-alert-greek-tax-authorities-abolish-tax-on-pension-fund-teaapae-24984?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedTax Rate Alert - Abolishment of Greek National Road FundMon, 24 Mar 2014 16:28:00 +0000A new law was passed by the Authorities in Greece on March 18th, 2014, titled "Administrative Simplifications - Abolishment & Mergers of Legal Entities and Services of the Public Sector". The law implements the immediate abolishment of the National Road Fund (TEO).http://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-alert-abolishment-of-greek-national-road-fund-24726?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-alert-abolishment-of-greek-national-road-fund-24726?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedTax Rate Alert - France Health InsuranceMon, 24 Mar 2014 15:00:00 +0000French tax authorities announce a new higher rate of tax at 14% applicable on some Health insurance premiums. The attached document offers a broader outline on this change as well as other published Insurance Premium Tax rates.http://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-alert-france-health-insurance-24725?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/tax-rate-alert-france-health-insurance-24725?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedInsurance Premium Tax in the New YearMon, 31 Dec 2012 15:45:51 +0000Highlighted in this document are numerous changes to the Insurance Premium Taxes (IPT) rules or rates within the European Union.http://www.mynewsdesk.com/uk/impendulo/blog_posts/insurance-premium-tax-in-the-new-year-16524?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/insurance-premium-tax-in-the-new-year-16524?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
Impendulo LimitedInsurance Premium Tax update - Italian pre-payment clarifiedThu, 07 Jun 2012 13:00:00 +0100On 29 April 2012 the Italian authorities announced that a new date for pre-payment of IPT is to be introduced. By the 16th of May a 12.5% pre-payment must be made based on the 2011 Insurance Premium Tax Liability. http://www.mynewsdesk.com/uk/impendulo/blog_posts/insurance-premium-tax-update-italian-pre-payment-clarified-12470?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_posthttp://www.mynewsdesk.com/uk/impendulo/blog_posts/insurance-premium-tax-update-italian-pre-payment-clarified-12470?utm_source=rss&utm_medium=rss&utm_campaign=Subscription&utm_content=blog_post
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